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Your Web pages state that one won’t need to pay ABSD, such as:

a. When you’ve already contracted to sell your current residential property before you sign the Option to Purchase for your new one
b. When you’re downgrading from a private property to a HDB resale flat

For b), does it mean a private property owner can still own their property if they choose to buy and live in a HDB?
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3 Answers

Aaron Chong
Replied
Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Taufik Hussein
Replied
Hi Sir

To answer your question, if you currently are owning a private property and wish to downgrade to HDB, you must sell your private property within 6 months from the HDB purchase. You are not allowed to hold on to both private property and HDB during your HDB MOP period. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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Robbie Chen Chee Howe
Replied
Hi,

Should the owner of a private property purchase a resale HDB flat, he/she is supposed to dispose off all interests in properties (HDB and private, locally and overseas), latest within 6 months upon the HDB flat purchase.

So theoretically, he can only continue to "own" his properties for the next 6 months or less.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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